If you live or want to live in the bay area banks will charge you high interest rates for your home loans. This is because of the high prices of property in that area. But you can get better rates and a better plan if you have a good credit history.

You can build a good credit history by taking a few CD secured loans. Certificate of Deposit Secured loans are loans for which CD’s have been offered as collateral. These serve to be decent collateral material because of the nature of CD’s.A Certificate of Deposit is a where you place a substantial amount of money in the bank and agree not to take it out for a specified amount of time. This time period is generally a minimum of one year. Since this money has already been deposited, giving a loan against that amount is a safe bet for any lender. The only catch with this process is that the borrower must repay the amount within a specified time limit (generally this is a period equal to or less than the period of the CD itself).

If you are interested in building credit in this way, look for help online. Simply by searching with terms like high cd rate san jose or high cd rate fremont you can easily figure out what to do. If you are looking for help with your home loan, search with a term like fremont home loan and you will once again find the information you seek.